The launch of Apple Pay has kept everyone in payments pretty busy speculating about its impact to others with digital wallet/account ambitions. What’s been ignored, at least so far, is the impact of Apple getting into payments on every other facet of the payments ecosystem....
Corporations typically have intricate treasury and payments challenges. As technology continues to evolve, it’s necessary for some corporate teams to rethink their payments options. But what specifically are those options, and which banks and card companies are providing them?
Smart corporate treasurers are looking for the best ways to translate today’s collaborative procure-to-pay approaches into better cash and working capital management. If they can do that, then they have the opportunity to drive new strategies that increase profitability and cash returns. Payment-term standardization, early-payment...
Bank of America Corp. will take over financing for a top U.S. oil refinery controlled by Philadelphia Energy Solutions from J.P. Morgan. The oil-services contract was among the commodity assets divested this year by Chase. Get the Full Story Complete the form to unlock this article...
U.S. Bank said on Monday (Oct. 6) that it has signed up more than 5,000 carriers to use the Freight Bill Lookup online tool for the bank’s freight-payment trade finance service. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
To auto-pay or not to auto-pay? That is the question for many B2B companies on both the buyer and supplier side. With digital invoicing becoming more common, it is easy to assume that automatic payments are the optimal choice. But is it?
China’s two biggest online services already have large payments operations — and now both have permission to be bankers, too. On Monday (Sept. 29), Alibaba Group’s Alipay affiliate won permission from the China Banking Regulatory Commission to set up a privately owned bank, according to...
Payments by U.S. consumers increased $60.4 billion in August, compared with a rise of just $3.5 billion in July, according to a new Commerce Department report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Payments between hospitals and physicians, medical device and drug companies took the next step into openness Tuesday (Sept. 30) when the U.S. government unveiled its much-hyped Open Payments site, showing the details of at least $3.5 billion of B2B transactions over five months. Get the...
